Ann: 09.10.19 GSA Exercises Pre-emptive Rights EP, page-35

re: Ann: 09.10.19 GSA Exercises Pre-emptive R... Got a question regarding the $10M "Reserve Premium".

I've just been re-reading the announcement, and it mentions that the agreement offered to EIR included them paying a $10M premium for each TCFG 3P-verified.

Now, if I understand the announcement correctly, Great Southern Gas (GSG) has decided, as is their right, to pre-empt EIR joining the JV by taking on the terms instead.

It seems to me that GSG will therefore be required to pay that $10M premium, but it is not mentioned in the rest of the document.

Can anyone confirm or deny that GSG would also be required to make this premium reserve payment?

Thanks,

- Karl